Today: 7 February 2026
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Khadija Saeed

A dedicated markets reporter, she covers stocks, macroeconomics, and major business developments with a sharp eye for detail and accuracy.

Marvell stock whipsaws after $540 million XConn deal puts AI data-center switching in focus

Marvell stock whipsaws after $540 million XConn deal puts AI data-center switching in focus

New York, January 6, 2026, 13:09 ET — Regular session Marvell Technology, Inc. said on Tuesday it will acquire XConn Technologies for about $540 million, a bet on the high-speed links that stitch together AI data centers. Marvell shares were down about 1.1% at $89.26 after earlier rising as much as 4.3% and then turning lower. The move lands as chipmakers race to ease data bottlenecks inside AI servers, where moving information between chips can be as critical as raw compute. Switching silicon — chips that steer data traffic — can shape how quickly an AI model trains and how
6 January 2026
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Uber stock jumps after CES robotaxi debut with Lucid, Nuro as AV race heats up

Uber stock jumps after CES robotaxi debut with Lucid, Nuro as AV race heats up

New York, Jan 6, 2026, 12:56 EST — Regular session Uber Technologies’ shares rose about 5% to $84.93 in midday trading on Tuesday after it and partners Lucid Group and Nuro unveiled a production-intent robotaxi at the CES tech show in Las Vegas. The vehicle uses Nuro’s Level 4 system — meaning it can drive itself in limited areas without a human — and runs on Nvidia’s DRIVE AGX Thor computer, the companies said. Uber, which sold its self-driving unit to Aurora Innovation in 2020, said testing began in December ahead of a planned launch in the San Francisco Bay
6 January 2026
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Bank of America stock edges higher after Barclays target hike as earnings near

Bank of America stock edges higher after Barclays target hike as earnings near

New York, January 6, 2026, 12:44 PM ET — Regular session Bank of America Corp (BAC.N) shares edged up about 0.4% to $57.15 in midday trading on Tuesday, after Barclays raised its price target on the lender to $71 from $59 and kept an overweight rating, TheFly reported. The stock has traded between $56.73 and $57.42. TipRanks The move keeps attention on U.S. lenders as investors position for Friday’s monthly jobs report, known as nonfarm payrolls, which can shift expectations for the Federal Reserve’s interest-rate path. Rate bets matter for banks because they influence net interest income — the gap
6 January 2026
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AbbVie stock nudges higher after Canada clears Maviret — what ABBV investors watch next

AbbVie stock nudges higher after Canada clears Maviret — what ABBV investors watch next

New York, January 6, 2026, 12:36 PM ET — Regular session AbbVie shares rose about 0.5% to $221.18 in midday trading on Tuesday after the drugmaker said Health Canada approved its hepatitis C therapy Maviret (glecaprevir/pibrentasvir) for acute and chronic infections. The clearance expands use of an eight-week oral regimen and supports “treat early” strategies aimed at cutting transmission by starting therapy as soon as patients are diagnosed. That matters as investors look for steadier growth drivers and pipeline progress ahead of key investor events this month. AbbVie said Maviret is now approved in Canada for adults and children aged
6 January 2026
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SoFi stock slides below $27.50 deal price after share sale; what investors watch before earnings

SoFi stock slides below $27.50 deal price after share sale; what investors watch before earnings

New York, Jan 6, 2026, 12:18 ET — Regular session SoFi Technologies, Inc (Nasdaq: SOFI) shares fell 9.8% to $26.40 by 12:18 p.m. ET on Tuesday, after opening at $29.23. The stock touched $26.37, and about 60 million shares had changed hands. The fintech lender said in a regulatory filing on Monday that the underwriters — the banks running the deal — exercised their option to buy additional shares on Jan. 2, and SoFi completed the sale on Jan. 5. The extra shares brought the total sold in the offering to 57,754,660 at $27.50 each, the filing showed. SEC Fresh
6 January 2026
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Lumentum stock whipsaws as accounting chief retirement, Feb. 3 earnings date draw focus

Lumentum stock whipsaws as accounting chief retirement, Feb. 3 earnings date draw focus

New York, Jan 6, 2026, 12:25 p.m. ET — Regular session Lumentum Holdings Inc (LITE.O) shares rose 5.2% to $375.69 in Nasdaq midday trade on Tuesday after a volatile morning that took the stock as low as $340.46. The shares hit a session high of $377.65 and about 3.1 million shares had changed hands. On Monday, Lumentum disclosed in an 8-K — a form companies use to report major events — that Chief Accounting Officer Matthew Sepe plans to retire and will step down from that post on the later of Feb. 6 and the filing of its quarterly 10-Q
6 January 2026
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CoreWeave stock falls as Truist starts CRWV at Hold; Nvidia Rubin plan sharpens focus on AI capex

CoreWeave stock falls as Truist starts CRWV at Hold; Nvidia Rubin plan sharpens focus on AI capex

New York, January 6, 2026, 12:24 ET — Regular session CoreWeave shares fell 3.5% to $74.15 in midday trading on Tuesday after Truist Securities initiated coverage of the AI cloud infrastructure provider at “Hold” with an $84 price target, citing the company’s leverage and heavy capital spending needs. The company counts OpenAI, Microsoft, Meta and Google among customers, according to Truist. The new coverage lands as investors reassess spending tied to the next wave of AI hardware. Nvidia on Tuesday unveiled its Rubin platform and said Rubin-based products are expected from partners in the second half of 2026, with a
6 January 2026
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Caterpillar stock rises on Cat AI Assistant launch as CES-Nvidia tie-up nears

Caterpillar stock rises on Cat AI Assistant launch as CES-Nvidia tie-up nears

New York, January 6, 2026, 12:22 (EST) — Regular session Caterpillar Inc shares rose 1.2% to $623.73 on Tuesday, after the heavy equipment maker unveiled its Cat AI Assistant at CES 2026 in Las Vegas. The stock ranged from $609.44 to $624.00 as the SPDR S&P 500 ETF gained about 0.3%. The launch is the latest effort by Caterpillar to keep investors focused on software and AI-linked demand, not just the construction cycle. Caterpillar shares are up about 58% over the past year and have outpaced peers Komatsu and Terex, aided by investor interest in data-center power needs and other
6 January 2026
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Walmart stock ticks up after Mizuho lifts target as jobs data looms

Walmart stock ticks up after Mizuho lifts target as jobs data looms

New York, Jan 6, 2026, 12:24 EST — Regular session Walmart Inc shares edged higher on Tuesday after Mizuho raised its price target on the retailer. The stock was up 0.2% at $112.97 in midday trade. The call lands as investors look for fresh signals on U.S. consumer demand, with labor data due later this week. The Labor Department is scheduled to release the December employment report on Friday. Bureau of Labor Statistics Walmart has a market value of about $900 billion and trades about 4% below its 52-week high of $117.45. The stock’s next test for momentum sits near
6 January 2026
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MercadoLibre stock extends surge as Venezuela headlines keep MELI in play

MercadoLibre stock extends surge as Venezuela headlines keep MELI in play

New York, January 6, 2026, 12:20 EST — Regular session Shares of MercadoLibre (MELI) rose about 3.3% on Tuesday to $2,219.87 in regular trading, extending the prior session’s rally as investors continued to reposition around Venezuela-related headlines. The move matters now because MercadoLibre is one of the most liquid U.S.-listed ways to express a view on Latin America, and it has become a fast-moving proxy when investors swing into “risk-on” trades — a shift toward higher-risk assets. A Zacks markets note said the stock gained about 8.8% on Monday as “hopeful Venezuelan sentiment” spread. Nasdaq Broader markets turned higher after
6 January 2026
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IREN stock drops 7% after Monday surge as bitcoin slips; CES chip news in focus

IREN stock drops 7% after Monday surge as bitcoin slips; CES chip news in focus

New York, January 6, 2026, 12:09 EST — Regular session Shares of IREN Ltd fell about 7% in midday Nasdaq trading on Tuesday, pulling back from a sharp prior-session rally as bitcoin eased. The stock was down 7.2% at $44.75, while bitcoin traded around $92,676 and peers Marathon Digital, Riot Platforms and CleanSpark slipped 2% to 5%. The decline comes a day after IREN jumped 13% to close at $48.24 on roughly 46 million shares, highlighting the stock’s outsized swings early in 2026. For investors, the move matters because IREN sits between two fast-moving themes — crypto-linked mining and AI
6 January 2026
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AppLovin stock slides 5.5% despite Benchmark’s fresh ‘top idea’ call — what investors watch next

AppLovin stock slides 5.5% despite Benchmark’s fresh ‘top idea’ call — what investors watch next

NEW YORK, Jan 6, 2026, 12:15 EST — Regular session AppLovin Corp (APP.O) shares were down 5.5% at $597.83 in midday trading on Tuesday after touching an intraday high of $637.45. The stock hit a session low of $595.75, with about 2.1 million shares traded. The move came hours after Benchmark reiterated a Buy rating and a $775 price target, calling AppLovin a “2026 EDM Top Idea” on what it described as durable gaming demand and an expanding web and e-commerce advertising business. The firm flagged adoption of AppLovin’s self-serve Axon Ads Manager — a tool that lets advertisers buy
6 January 2026
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Stock Market Today

No $2,000 IRS stimulus check is coming in February 2026 — but Trump’s tariff-check talk keeps the rumors alive

No $2,000 IRS stimulus check is coming in February 2026 — but Trump’s tariff-check talk keeps the rumors alive

7 February 2026
The IRS has not announced new federal stimulus payments for February 2026, and Congress has not approved fresh checks. Trump told NBC he is considering $2,000 tariff rebate checks but has not committed, saying any payout would likely come later in 2026. The IRS warns taxpayers to ignore texts and emails about “stimulus payments” and verify notices through official channels.
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